Property Accountant - Dallas, United States - LHH

Description

LHH is partnering with a well-known commercial real estate firm that is located in Dallas, TX. As a key member of their accounting department, you will play a crucial role in managing the financial aspects of their commercial property portfolio. This role offers exciting opportunities to contribute to the success of the company while gaining valuable experience in a dynamic field. We are targeting a base salary of $75,000 to $85,000 (depending upon experience) as well as offering bonus potential and competitive benefits. This position will be on-site with flexibility after training.

Responsibilities:

1. Financial Reporting:

• Prepare monthly, quarterly, and annual financial statements for commercial properties in accordance with GAAP (Generally Accepted Accounting Principles).
• Analyze financial data to ensure accuracy and completeness, identifying any discrepancies or irregularities.
• Generate variance reports and provide insightful analysis on key financial metrics to stakeholders.

1. Budgeting and Forecasting:

• Collaborate with property management teams to develop annual operating budgets for commercial properties.
• Monitor budget performance, track expenses, and provide regular updates on variances.
• Assist in forecasting future financial performance based on market trends and property-specific factors.

1. Accounts Payable and Receivable:

• Oversee accounts payable functions, including processing invoices, reconciling vendor statements, and ensuring timely payments.
• Manage accounts receivable processes, including tenant billing, rent collection, and resolving any billing discrepancies.

1. Lease Administration:

• Review and interpret commercial leases to ensure accurate billing and compliance with lease terms.
• Maintain lease abstracts and lease databases, tracking critical dates and financial obligations.
• Work closely with property managers to address tenant inquiries and resolve lease-related issues.

1. CAM (Common Area Maintenance) Reconciliation:

• Perform CAM reconciliations for commercial tenants, ensuring accurate allocation of expenses and timely billing.
• Collaborate with property management and tenants to resolve any discrepancies or disputes related to CAM charges.

1. Tax Compliance and Reporting:

• Assist in the preparation of property tax filings, ensuring compliance with local tax regulations.
• Coordinate with external tax consultants and auditors to provide necessary financial information for tax audits and assessments.

1. Financial Analysis and Special Projects:

• Conduct ad-hoc financial analysis and prepare reports as requested by management.
• Participate in special projects related to property acquisitions, dispositions, or refinancing initiatives.

Requirements:

• Prior commercial real estate accounting experience
• Bachelor's Degree in Accounting or other related field
• Proficiency with an ERP system as well as Excel
• Knowledge of GAAP and accrual-based accounting
• Proficient verbal and written communication skills